Instaforex Analysis

Forex broker related topics and discussions

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Aug 24, 2021 2:35 am

Forex Analysis & Reviews: Forecast for USD/JPY on August 24, 2021

USD/JPY
The drama continues for the yen. On yesterday's daily chart, the price touched the MACD indicator line and fell below the target level of 109.80. Due to this fall, the Marlin oscillator could not enter the zone of positive values. Now the price is struggling again with the level of 109.80. Apparently, for a successful exit above the MACD line, it needs to settle above this level (109.80), thus creating a base for an attack on resistance.

Image

The Marlin Oscillator is holding on to an upward trend on the four-hour chart. The price is above the balance indicator line, but below the MACD line. Here, too, it will not hold back the price from creating a consolidation in the range between the level of 109.80 and the MACD line for the subsequent successful breakthrough of the interfering resistances. If, however, consolidation forms below the level of 109.80, then the price may return to the early support at 109.20.

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Aug 25, 2021 2:24 am

Forex Analysis & Reviews: Forecast for AUD/USD on August 25, 2021

AUD/USD
The Australian dollar gained 49% on Tuesday, confirming its intention to take the target level of 0.7323. On the daily chart, this is the point of coincidence of the 23.6% Fibonacci level with the MACD indicator line. The Marlin oscillator pondered a little before the border with the growth zone, this is a small sign of a slowdown in price growth, because the aussie is slightly ahead of the market.

Image

The price managed to settle above the MACD indicator line on the four-hour chart. Here, on the example of August 18, consolidation is possible, after which we expect further price growth.

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Aug 26, 2021 2:24 am

Forex Analysis & Reviews: Forecast for USD//JPY on August 26, 2021

USD/JPY
Yesterday, the USD/JPY pair met the resistance of the MACD line on the daily chart for the last five days for the third time. And, as in previous cases, it could not overcome it. But this time there was one addition to the technical picture - the Marlin oscillator moved into the growing trend zone, and, what is also important, after testing the MACD line, the price did not begin to fall, as it did on August 19 and 23. At the moment, the price is struggling with the MACD line and breaking it above 110.12 will open the target at 110.60 - the price channel line of the higher timeframe.

Image

The price is consolidating below the signal level of 110.12 on the four-hour timeline. And the price is above the MACD indicator line. The Marlin Oscillator is sideways in the positive trend zone. We are waiting for the price to settle above the signal level and growth to continue.

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Aug 27, 2021 2:56 am

Forex Analysis & Reviews: Technical Analysis of GBP/USD for August 27, 2021

Technical Market Outlook:
The GBP/USD pair has failed to break above the 61% Fibonacci retracement seen at the level of 1.3772 and after the Pin Bar candlestick was made the bulls were rejected. The market is currently coming off the overbought conditions and this is not really helping the bulls. Any violation of the level of 1.3700 will open the road towards the next target for bears located at 1.3668. On the other hand, only a sustained breakout above the level of 1.3772 would have change the immediate outlook to more bullish.

Weekly Pivot Points:
WR3 - 1.4029
WR2 - 1.3959
WR1 - 1.3752
Weekly Pivot - 1.3680
WS1 - 1.3474
WS2 - 1.3399
WS3 - 1.3118

Trading Outlook:
The weekly time frame chart still shows, that the up trend is still intact and the corrective wave had terminated at the level of 1.3571. Only a sustained violation of the level of 1.3518 would trigger a bigger down move than a regular pull-back. The up trend can be continued towards the next long-term target located at the level of 1.4246 (high from 24.02.2021).

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Aug 30, 2021 1:58 am

Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for August 30, 2021

Image

EUR/JPY broke briefly below key-support at 128.29. The big question is whether this was a forewarning of more downside pressure towards 124.97 or this was a Bear-trap which a break above short-term key resistance at 130.56 will confirm it was. A break above short-term key resistance at 130.56 will also make the S/H/S top-formation a failed pattern, which will call for a rally towards 135.42 and maybe even higher as a lot will be caught short of EUR which they will need to cover fast.

So, we need a break below support at 127.95 to get a signal for a move to 124.97 or a break above resistance at 130.56 to get a call for a rally towards 135.42. Be patient and wait for the signal.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Aug 31, 2021 1:58 am

Forex Analysis & Reviews: Forecast for AUD/USD on August 31, 2021

AUD/USD
The Australian dollar touched the point of intersection of the 23.6% Fibonacci level with the MACD line with yesterday's high and dropped 15 points. But the Marlin Oscillator does not show a reversal, the price is preparing to overcome the resistance reached at 0.7321. The success of this venture may be accompanied by an increase to the next Fibonacci level of 38.2% at 0.7452.

Image

On the four-hour chart, the price is consolidating below the 0.7321 level, the Marlin oscillator turns up without crossing the zero line - the border with the territory of the downward trend. We are waiting for further price growth.

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Sep 01, 2021 2:12 am

Forex Analysis & Reviews: What's next after the development of the EUR/USD upward pattern?

The EUR/USD pair reached the Weekly Control Zone of 1.1857-1.1840 yesterday, which indicates the completion of the upward cycle. The next movement will depend on testing the first support zone.

Today, the Weekly Control Zone of 1/4 1.1801-1.1797 is being tested. The pair's movement will continue in the first half of September depending on the reaction to this zone. If the pair manages to break through this zone and consolidates below during today's European session, then the decline will become interesting again for termination this week.

Image

Trading in a downward direction can become a priority for a long time. If yesterday was the first day of the new cycle, then the second half of the week will be a decline to the WCZ 1/2 1.1757-1.1749. The daily lows will be updated for the next two days.

Time will tell whether the fall will lead to a medium-term reversal and a test of WCZ 1/2. This zone is located at a significant level of the market maker formed last week. The probability of a large demand for its test is quite high.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Sep 02, 2021 1:19 am

Forex Analysis & Reviews: Forecast for USD/JPY on September 2, 2021

USD/JPY
The yen continues to confuse with incessant false movements in both directions. A growth spike was shown yesterday and it can be interpreted as an unsuccessful attempt to rise to the target of 110.62 - to the embedded price channel line. Yesterday's closing took place below the MACD indicator line, and today it also opened below it.

Image

At the same time, US stock indices showed weakness: Dow Jones -0.14%, S&P 500 +0.03%, technological Nasdaq (an extremely speculative sector of the modern era) at 0.33%. We expect weak data on employment in the US tomorrow, the stock market will fall, and the USD/JPY pair will fall accordingly. The target for the decline at 109.20 is the June 8 low.

Image

On the four-hour scale chart, the balance and MACD indicator lines keep the price from falling, but the Marlin oscillator is already in the negative area. A signal to fall is when the price moves below the target level of 109.85, which is below these indicator lines.

[I]Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Sep 03, 2021 2:16 am

Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for September 3, 2021

Image

EUR/JPY is currently testing key-resistance at 130.56 and we expect a temporary break above followed by a correction towards 129.63 before the next rally higher trough the key-resistance to confirm the final impulsive rally in wave 3 towards 135.42.

A break above key-resistance at 130.56 will give us a failed S/H/S top pattern and failed patterns often result in strong moves in the opposite direction of the failed pattern. The S/H/S top would indicate a decline, while the failed pattern calls for a rally instead.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Sep 06, 2021 1:38 am

Forex Analysis & Reviews: Forecast for GBP/USD on September 6, 2021

GBP/USD
The British pound hit the first target (1.3883) on Friday. Now it should rise above this level, settling above it, and continue to rise to the second target at 1.4004, also determined by the embedded price channel line. The Marlin oscillator is rising, helping the price meet this target.

Image

The trend is fully upward on the four-hour chart: the price is above the balance and MACD indicator lines, the Marlin oscillator is in the growth zone. We are waiting for the price to settle above the level of 1.3883 and its further growth.

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

PreviousNext

Return to Forex Brokers



cron